Pig butchering scams, how they work and how to avoid them

Pig butchering scams are big business. There are hundreds of millions of dollars involved every year. The numbers are not very precise because some see them as a special kind of romance scam, while others classify them as investment fraud.

The victims in Pig Butchering schemes are referred to as pigs by the scammers, who use elaborate storylines to fatten up victims into believing they are in a romantic or otherwise close personal relationship. Once the victim places …

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